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COINOTAG News, on Dec 17, cites Coingecko data showing the tokenized gold assets market capitalization surpassing $4.2 billion, up about 147% over six months. The bulk is held in XAUT and PAXG, valued at roughly $2.24 billion and $1.5 billion, together accounting for ~89% of the market. Each token is backed 1:1 by physical gold reserves. Intraday, the spot gold price advanced about 1.1%, trading near $4,326.50 per ounce. Since the start of 2025, spot gold has risen from about $2,624 per ounce, marking an approximate 65% year-to-date gain. According to a Morgan Stanley analysis, the gold price path remains sensitive to rate-cut expectations and a weakening U.S. dollar index, with a target of $4,800/oz by Q4 2026. Share News:

BlockBeats News, December 17th, according to Coingecko data, the total market capitalization of tokenized gold assets has exceeded 4.2 billion US dollars, with a growth of approximately 147% in the past six months. Tether's XAUT has a total market value of approximately 2.24 billion US dollars, while Paxos's PAXG has a total market value of approximately 1.5 billion US dollars, with the two accounting for approximately 89% of the market share. Each XAUT and PAXG token is backed by a 1:1 physical reserve of gold. According to market data, the intraday increase in spot gold is approximately 1.1%, currently at 4326.5 US dollars per ounce. At the beginning of 2025, spot gold was at 2624 US dollars per ounce, marking an increase of nearly 65% during the year. A recent analysis by Morgan Stanley stated that with continued rate cut expectations and a resurgence in the weakening of the US dollar index, the price of gold is predicted to rise to $4800 per ounce by the fourth quarter of 2026.

data shows the market value of tokenized gold has exceeded 4 billion USD, nearly tripling from about 1.3 billion USD at the beginning of 2025. Among them, Tether Gold (XAUt) ranks first with a market value of about 2.2 billion USD, accounting for about 50% of the market, Paxos Gold (PAXG) ranks second with about 1.5 billion USD, and the two together occupy nearly 90% of the tokenized gold market share.

Gold-backed stablecoins have risen to over $4 billion in market capitalization, nearly tripling from approximately $1.3 billion at the start of 2025. This growth reflects both the strong performance of gold itself and the increasing appetite among crypto investors for tokenized precious metals exposure. Gold prices have climbed roughly 66% year-to-date in 2025, helping drive inflows into these blockchain-based gold products. The precious metal's rally has been fueled by macroeconomic uncertainty, geopolitical tensions, and persistent demand, creating favorable conditions for both physical and tokenized gold adoption. Tether Gold (XAUt) leads the market with approximately $2.2 billion in market capitalization, representing 50% of the total gold-backed stablecoin sector. Paxos Gold (PAXG) holds the second position at around $1.5 billion. Together, these two protocols account for nearly 90% of the tokenized gold market, with XAUt having recently overtaken PAXG following aggressive supply expansion throughout 2025. The growth in gold-backed stablecoins indicates that crypto investors increasingly seek exposure to traditional safe-haven assets while remaining onchain. These tokens allow fractional ownership of physical gold bars stored in secure vaults. Tether has emerged as a major institutional gold accumulator. The company added 26 tons of gold in the third quarter alone, exceeding the purchases of most individual central banks during the same period. With approximately 116 tons held by end-September, Tether ranks among the top 30 global gold holders according to IMF data, ahead of countries like Greece, Qatar, and Australia. This is an excerpt fromThe Block's Data Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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